Two Star Manager LLC Has $10.56 Million Stock Position in Workday, Inc. $WDAY

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Two Star Manager LLC grew its holdings in shares of Workday, Inc. (NASDAQ:WDAY - Free Report) by 9.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,199 shares of the software maker's stock after purchasing an additional 4,059 shares during the period. Workday accounts for 5.1% of Two Star Manager LLC's portfolio, making the stock its 11th biggest position. Two Star Manager LLC's holdings in Workday were worth $10,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Workday by 2.3% during the first quarter. Vanguard Group Inc. now owns 20,598,655 shares of the software maker's stock worth $4,810,404,000 after purchasing an additional 455,855 shares during the period. The Manufacturers Life Insurance Company raised its holdings in shares of Workday by 60.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,722,255 shares of the software maker's stock worth $960,454,000 after purchasing an additional 1,406,088 shares during the period. Brown Advisory Inc. raised its holdings in shares of Workday by 1.5% during the fourth quarter. Brown Advisory Inc. now owns 3,530,701 shares of the software maker's stock worth $911,027,000 after purchasing an additional 52,104 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Workday during the fourth quarter worth $658,735,000. Finally, Northern Trust Corp raised its holdings in shares of Workday by 6.6% during the first quarter. Northern Trust Corp now owns 2,413,712 shares of the software maker's stock worth $563,674,000 after purchasing an additional 149,731 shares during the period. 89.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Workday

In other news, major shareholder David A. Duffield sold 73,971 shares of the firm's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $238.66, for a total transaction of $17,653,918.86. Following the completion of the transaction, the insider owned 102,997 shares in the company, valued at approximately $24,581,264.02. This trade represents a 41.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Zane Rowe sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $239.59, for a total transaction of $1,437,540.00. Following the completion of the transaction, the chief financial officer owned 178,418 shares of the company's stock, valued at approximately $42,747,168.62. The trade was a 3.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 329,005 shares of company stock worth $79,203,523. Company insiders own 19.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on WDAY shares. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $340.00 price objective on shares of Workday in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Workday from $330.00 to $280.00 and set a "buy" rating on the stock in a report on Friday. JMP Securities reaffirmed a "market outperform" rating and issued a $315.00 price objective on shares of Workday in a report on Friday. Wells Fargo & Company dropped their price objective on shares of Workday from $325.00 to $300.00 and set an "overweight" rating on the stock in a report on Monday, August 18th. Finally, KeyCorp dropped their price objective on shares of Workday from $325.00 to $285.00 and set an "overweight" rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $283.76.

Workday Price Performance

Workday stock traded down $6.31 during trading hours on Friday, hitting $221.27. 8,224,204 shares of the company traded hands, compared to its average volume of 3,409,935. Workday, Inc. has a 1-year low of $205.33 and a 1-year high of $294.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.33. The firm's 50-day simple moving average is $232.39 and its two-hundred day simple moving average is $242.71. The firm has a market cap of $59.08 billion, a P/E ratio of 102.44, a P/E/G ratio of 3.44 and a beta of 1.24.

Workday (NASDAQ:WDAY - Get Free Report) last posted its quarterly earnings data on Thursday, August 21st. The software maker reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.12. Workday had a net margin of 6.51% and a return on equity of 9.83%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $1.75 EPS. The business's revenue for the quarter was up 12.6% on a year-over-year basis. Workday has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, analysts forecast that Workday, Inc. will post 2.63 earnings per share for the current fiscal year.

Workday Company Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.